Beruflich Dokumente
Kultur Dokumente
2015
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Contents
Specialist Divisions
Accountancy & Finance/
Commerce & Industry
Actuarial
Private Equity
Finance Director
NHS & Government
Qualified
Energy & Utilities
Charity
IT & Telecoms
Media
Property & Construction
Retail, FMCG & Leisure
Part Qualified &
Transactional
Professional Services
Internal Audit
Tax In-house
Management Consultancy
Tax Practice
Advisory
Treasury
Compliance
Qualified
2014 was overall a positive year, where
we have continued to see an uplift of
confidence amongst our clients, with
them continuing to hire and increase job
flow. The first half of the year followed
the trend of the end of 2013, which saw a
marked difference, resulting in 21% more
jobs being registered compared to the
previous year in that period.
All the major vertical markets recruited with
significant activity in Retail, Technology and
Oil & Gas. Of encouraging note was the rise
of vacancies in the Property and Construction
sectors. The roles were varied, ranging from
technical accounting roles, such as financial
accounting and group accounting, through
to commercial business partnering and FP&A
roles. The market is still showing an increased
need for strong commercial accountants (up
12% on last year) who have the ability to liaise
with sales and marketing directors to explain
their business performance.
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10
0 2 yrs
2 5 yrs
Perm
Financial Accountant
Group Accountant
Management Accountant
Finance Analyst
Finance Manager
Financial Controller
Finance Director
Temp (p/d)
5 10 yrs
Perm
Temp (p/d)
Perm
10 yrs+
Temp (p/d)
Perm
Temp (p/d)
Mid Cap
45,000 50,000
250 275
50,000 55,000
275 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 300
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
275 300
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 325
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 300
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
52,000 57,000
270 325
60,000+
325 375
60,000+
350 400
Multi-national
48,000 55,000
275 325
54,000 60,000
300 350
60,000+
350 450
60,000+
375 475
Mid Cap
50,000 55,000
250 300
52,000 60,000
300 350
60,000 75,000+
325 375
70,000 90,000
350 400
Multi-national
52,000 57,000
325 375
55,000 65,000
325 375
60,000 80,000
350 400
75,000 90,000
375 425
Mid Cap
50,000 70,000
300 350
65,000 80,000
350 450
70,000 120,000
400 500
Multi-national
55,000 75,000
325 375
65,000 80,000
375 500
75,000 120,000
450 700
Mid Cap
65,000 85,000
400 475
75,000 120,000
500 700
85,000 150,000
500 1,000
Multi-national
400 500
80,000 150,000
500 1,000
120,000+
500 2,000
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Role
Perm
Temp (p/d)
Newly Qualified
45,000 48,000
250 275
Management/Financial Accountant
45,000 55,000
225 275
Finance Manager
50,000 60,000
250 300
Financial Controller
60,000 90,000
300 450
Finance Director
80,000 120,000
400 600
IT & Telecoms
2014 was an excellent year for Goodman
Massons IT & Telecoms sector as we
showed 41% revenue growth. This growth
can be traced back to mid-late 2013,
when we first started to notice increased
job flow as the market began to gain
momentum.
Again, we saw a huge contribution from the
SME sector, with one third of our placements
being into businesses turning over 300m
or less. Perhaps, in part, this was due to an
initiative we put in place to track things such
as the Techtrack 100 and Deloittes Technology
Fast 50. However, I believe this can also be
attributed to a number of government initiatives
put in place over recent years to make it easier
for startups to thrive in London, initiatives
such as tax breaks for investors in early stage
businesses. These startups could now be feeling
the benefit of these breaks, and therefore
feeling more confident in hiring.
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Financial Accountant
Group Accountant
Management Accountant
Finance Analyst
Finance Manager
Financial Controller
Finance Director
0 2 yrs
2 5 yrs
5 10 yrs
10 yrs+
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
250 275
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
275 300
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 300
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
250 275
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
52,000 57,000
270 325
60,000+
325 375
60,000+
350 450
Multi-national
48,000 55,000
250 275
54,000 60,000
300 350
60,000+
350 450
60,000+
375 475
Mid Cap
50,000 55,000
250 300
52,000 60,000
300 350
60,000 75,000+
325 375
70,000 90,000
350 400
Multi-national
50,000 60,000
300 350
55,000 65,000
325 375
60,000 80,000+
350 400
75,000 95,000
375 425
Mid Cap
50,000 70,000
300 350
65,000 80,000
350 450
70,000 120,000
400 500
Multi-national
55,000 75,000
325 375
65,000 80,000
375 500
75,000 120,000
450 700
Mid Cap
65,000 85,000
400 475
75,000 120,000
500 700
85,000 150,000
500 1,000
Multi-national
400 500
80,000 150,000
500 1,000
120,000+
500 2,000
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Role
Perm
Temp (p/d)
Newly Qualified
42,000 48,000
200 225
Management/Financial Accountant
45,000 55,000
225 275
Finance Manager
50,000 60,000
250 300
Financial Controller
60,000 90,000
300 450
Finance Director
80,000 120,000
400 600
Media
Confidence in the media sector across the
board has remained strong throughout
2014, with year on year increases in both
the number of vacancies, up 21%, and
revenue, up 36%. Continued technological
innovation and diversification, particularly
within the digital space, are building
stability in what has been a turbulent
sector in previous years.
Unsurprisingly, a notable increase in vacancies
has been within the digital marketing and
advertising space, up 35% in 2014. This trend
is expected to continue, with internet access
growing at 6.4% annually, and analysts
forecasting internet advertising to grow at
an impressive 12% annually making the UK
the largest internet advertising market within
EMEA.
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Financial Accountant
Group Accountant
Management Accountant
Finance Analyst
Finance Manager
Financial Controller
Finance Director
0 2 yrs
2 5 yrs
5 10 yrs
10 yrs+
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Mid Cap
46,000 52,000
250 275
52,000 60,000
270 325
60,000+
325 375
60,000+
325 400
Multi-national
48,000 55,000
250 275
55,000 65,000
300 350
60,000+
350 450
60,000+
350 400
Mid Cap
46,000 52,000
275 300
52,000 60,000
270 325
60,000+
325 375
60,000+
325 400
Multi-national
48,000 55,000
275 300
55,000 65,000
300 350
60,000+
350 450
60,000+
350 400
Mid Cap
46,000 52,000
250 275
52,000 60,000
270 325
60,000+
325 375
60,000+
325 400
Multi-national
48,000 55,000
250 275
55,000 65,000
300 350
60,000+
350 450
60,000+
350 400
Mid Cap
48,000 55,000
250 275
55,000 65,000
270 325
65,000+
325 375
65,000+
350 400
Multi-national
50,000 55,000
250 275
58,000 70,000
300 350
65,000+
350 450
65,000+
375 475
Mid Cap
50,000 55,000
250 300
55,000 65,000
300 350
65,000 80,000
325 375
70,000 90,000
350 400
Multi-national
50,000 58,000
250 300
58,000 68,000
325 375
65,000 80,000
350 400
75,000 95,000
375 425
65,000 75,000
300 350
70,000 85,000
350 450
75,000 120,000
400 500
Mid Cap
Multi-national
65,000 80,000
325 375
70,000 85,000
375 500
80,000 120,000
450 700
Mid Cap
65,000 85,000
400 475
80,000 120,000
500 700
90,000 150,000
500 1,000
Multi-national
400 500
85,000 150,000
500 1,000
120,000+
500 2,000
Media SME
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15
Role
Perm
Temp (p/d)
Newly Qualified
42,000 48,000
225 250
Management/Financial Accountant
45,000 55,000
225 275
Finance Manager
50,000 60,000
250 300
Financial Controller
60,000 90,000
300 450
Finance Director
80,000 120,000
400 600
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16
Financial Accountant
Group Accountant
Management Accountant
Finance Analyst
Finance Manager
Financial Controller
Finance Director
0 2 yrs
2 5 yrs
5 10 yrs
10 yrs+
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Mid Cap
45,000 50,000
250 275
50,000 55,000
275 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 300
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
275 300
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 325
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
48,000 55,000
275 300
52,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
52,000 57,000
270 325
60,000+
325 375
60,000+
350 400
Multi-national
48 55,000
275 325
54,000 60,000
300 350
60,000+
350 450
60,000+
375 475
Mid Cap
50,000 55,000
250 300
52,000 60,000
300 350
60,000 75,000+
325 375
70,000 90,000
350 400
Multi-national
52,000 57,000
325 375
55,000 65,000
325 375
60,000 80,000
350 400
75,000 90,000
375 425
Mid Cap
50,000 70,000
300 350
65,000 80,000
350 450
70,000 120,000
400 500
Multi-national
55,000 75,000
325 375
65,000 80,000
375 500
75,000 120,000
450 700
Mid Cap
65,000 85,000
400 475
75,000 120,000
500 700
85,000 150,000
500 1,000
Multi-national
400 500
80,000 150,000
500 1,000
120,000+
500 2,000
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Role
Perm
Temp (p/d)
Newly Qualified
45,000 48,000
250 275
Management/Financial Accountant
45,000 55,000
225 275
Finance Manager
50,000 60,000
250 300
Financial Controller
60,000 90,000
300 450
Finance Director
80,000 120,000
400 600
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18
Financial Accountant
Group Accountant
Management Accountant
Finance Analyst
Finance Manager
Financial Controller (Group)
Finance Director
Chief Financial Officer
0 2 yrs
2 5 yrs
5 10 yrs
10 yrs+
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Perm
Temp (p/d)
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
45,000 53,000
250 275
53,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
275 300
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
45,000 53,000
275 300
53,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
50,000 55,000
270 325
55,000+
325 375
55,000+
325 400
Multi-national
45,000 53,000
250 275
53,000 60,000
300 350
55,000+
350 450
55,000+
350 400
Mid Cap
45,000 50,000
250 275
52,000 58,000
270 325
60,000+
325 375
60,000+
350 450
Multi-national
45,000 52,000
250 275
54,000 60,000
300 350
60,000+
350 450
60,000+
375 475
Mid Cap
50,000 60,000
250 300
52,000 60,000
300 350
60,000 75,000+
325 375
70,000 90,000
350 400
Multi-national
52,000 60,000
300 350
55,000 65,000
325 375
60,000 80,000+
350 400
75,000 95,000
375 425
Mid Cap
50,000 70,000
300 350
70,000 90,000
350 450
70,000 120,000
400 500
Multi-national
55,000 75,000
325 375
70,000 90,000
375 500
75,000 120,000
450 700
Mid Cap
70,000 90,000
400 475
85,000 120,000
500 700
90,000 150,000
500 1,000
Multi-national
400 500
90,000 150,000
500 1,000
120,000+
500 2,000
Multi-national
200,000+
1,000+
140,000
500 1,000
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19
Perm
Temp (p/d)
Newly Qualified
43,000 50,000
200 225
Management/Financial Accountant
45,000 55,000
225 275
Finance Manager
50,000 60,000
250 300
Financial Controller
60,000 90,000
300 450
Finance Director
80,000 120,000
400 600
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20
Part Qualified
Role
Foundation Studier
Intermediate Studier
Assistant Accountant
24,000 30,000
30,000 35,000
14 20
24,000 30,000
30,000 35,000
14 20
26,000 30,000
30,000 35,000
14 20
Financial Accountant
30,000 35,000
36,000 45,000
15 25
Management Accountant
30,000 35,000
36,000 45,000
15 25
20,000 28,000
28,000 35,000
36,000 45,000
14 25
Finance Analyst
Temp (p/h)
Transactional
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21
Role
Perm
Temp (p/h)
20,000 26,000
11 14
AP Supervisor
27,000 35,000
13 17
AP Manager
35,000 45,000
14 20
22,000 26,000
11 14
Credit Controller
25,000 28,000
11 15
28,000 35,000
12 16
Credit Manager
35,000 65,000
15 20
Accounts Assistant
22,000 28,000
12 14
Billing Assistant
25,000 32,000
12 16
Billings Manager
30,000 40,000
15 20
Payroll Assistant
22,000 35,000
11 14
Payroll Manager
35,000 65,000
15 20
Graduate
18,000 24,000
11 12
Professional Services
Professional Services
Management Consultancy
Public Practice
Advisory
Audit & Assurance
Management Consultancy
2014 followed a continued trend of growth
to that of 2013. Projects wins and pipeline
was generally up (circa 10%) across all
firms, resulting in a buoyant hiring market.
Multiple hires at all levels were made across
both the Financial Services and Private Sector
consulting teams. Companies paid premiums to
secure and retain the best talent in the market,
and in some rare occasions were offering sign
on bonuses to secure their target candidate.
Within Financial services, technical areas with
Risk consultancy saw demand grow by about
20%, and at the Manager and Senior Manager
grade salaries became more in line with the
Banks, in order to be competitive and secure
the right talent.
Across the large consulting houses, a real
variation in salaries was noted at the Senior
Manager and Director grade.
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Management Consultancy
Role
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25
Financial and
Performance Management
Strategy
Change Management
Consultant
up to 45,000
up to 45,000
up to 45,000
Senior Consultant
45,000 60,000
45,000 65,000
45,000 60,000
Manager
60,000 80,000
65,000 85,000
60,000 80,000
Senior Manager
80,000 100,000
85,000 110,000
80,000 100,000
Director
100,000+
110,000+
100,000+
Advisory
Following the trend of last year, advisory
recruitment remained consistent
throughout 2014, a steady uplift in
demand was present, and 2015 is already
set to continue this prosperous growth.
That said, the market is ever more
competitive in terms of attracting and
retaining the best talent, and candidates
meaning the firm supplier partnership
need to be tighter than ever.
What perhaps was most noticeable across both
mid-tier and large practices was the significant
recruitment drive in Internal Audit, as they grow
both their public and private service offerings.
As far as 2015 is concerned, with business
growth driving demand, we expect the demand
for this area to remain robust, especially within
financial services and Public Sector. This was an
area which remained subdued for early 2014,
reflective of the governments previous austerity
drive. We are already seeing the Big 4 and Top
10 firms strongly competing for the dearth of
candidates available.
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Corporate Finance
Forensic Accounting
Role
Big 4/Top 10
Role
Partner
180,000+
170,000+
Partner
150,000+
140,000+
Director
100,000 170,000
120,000 160,000
Director
95,000 105,000
88,000 140,000
65,000 95,000
57,000 90,000
Senior Manager
70,000 100,000
67,000 88,000
Manager
55,000 70,000
50,000 68,000
Manager
55,000 70,000
51,000 67,000
Assistant Manager/Executive
45,000 55,000
Up to 45,000
Assistant Manager/Executive
44,000 54,000
37,000 50,000
22,000 35,000
Associate
25,000 38,000
22,000 35,000
Associate
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Role
Executive
32,000 47,000
Manager
50,000 56,000
Senior Manager
61,000 77,000
Director
80,000 110,000
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28
External Audit
Role
Salaried Partner
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29
ACA
ACCA
London
Home Counties
London
Home Counties
100,000 200,000
100,000 160,000
90,000 160,000
80,000 150,000
70,000 100,000
65,000 90,000
65,000 90,000
65,000 90,000
Audit Manager
55,000 65,000
50,000 65,000
52,000 62,000
50,000 58,000
46,000 53,000
44,000 50,000
44,000 50,000
43,000 49,000
Audit Senior
38,000 46,000
37,000 44,000
37,000 44,000
36,000 43,000
ACA/ACCA Finalist
33,000 38,000
30,000 34,000
33,000 38,000
32,000 37,000
Specialist Divisons
Specialist Divisions
Actuarial
Private Equity
Finance Director
NHS & Government
Charity
Internal Audit
Tax In-house
Tax Practice
Treasury
Compliance
Specialist/Actuarial
Actuarial
2014 has been a very busy year for
actuarial recruitment we have seen a
huge 40% increase in placements vs 2013.
A key area of growth has been the Bulk
Annuity market bulk sales are growing
fast, and provide opportunities to offset
decline in individual annuity sales. Life &
Pensions actuaries are moving into these
teams within all of the key players.
Life Insurance
In 2014, the market has improved significantly.
After a period of much planning restructuring,
the majority of life insurers have significantly
increased permanent hiring, particularly
at newly qualified level and above. The
consultancies have overcome recent challenges,
and as a result of seeing the benefit of
increasing business development in wider areas
beyond solvency ii over the last 12 months,
the majority of the consultancies have begun
hiring from assistant manager up to Senior
Manager/Director level, plus one or two key
Partner moves. Another positive sign is that
even insurers most directly impacted by the
changes to retirement planning brought on by
the budget have been hiring in H2.
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Pensions
The Pensions market has seen a consistently
busy year from a hiring perspective. Traditional
consultancies have been hiring at all levels, from
part qualified up to Senior Scheme Actuaries,
with a particular focus on the nearly/newly
qualified level. Many traditional consultants
have made the move to more commercial,
corporate focused roles within the Big 4, with
three of the four continuously hiring throughout
the year as a result of strong growth. Insurers
bulk annuity offerings have proven to be a
significant revenue stream for the future, and
we have seen a number of pensions actuaries
move to insurance within this space.
Investments
The Investment market got off to a good
start in 2014. Interview numbers peaked in
February and April, reflecting the initial push
to increase numbers early in the year, and then
to replace those who moved on once bonuses
were paid. They peaked again in October, but
the whole year has been busier than 2013 in
terms of job flow. Within the consultancies,
there was a noticeable increase in demand
for DC Consultants at all levels, and over the
General Insurance
The General Insurance market has been very
buoyant this year, with the majority of the
jobs around Capital Modelling in both the
London Market and large Retail Insurers. Big 4
and smaller boutique consultancies alike have
heavily invested in increasing their headcount
across Capital Modelling, Reserving and Pricing.
Contract opportunities across the London
Market have started to appear more frequently,
and we expect this to continue for the next 18
months, with an increased demand for Model
Validation, Governance and Documentation
assignments to be completed for 2016.
Specialist/Actuarial
Actuarial
LEVEL
Life
GI
Pensions
Investment
page
33
Junior (0 2 yrs)
Part Qualified
Nearly/Newly Qualified
Qualified (2 4 yrs)
Senior Qualified
London
25,000 37,000
35,000 55,000
55,000 68,000
68,000 90,000
100,000+
South East
24,000 36,000
34,000 50,000
50,000 62,000
62,000 85,000
90,000+
South West
23,000 35,000
32,000 45,000
45,000 60,000
60,000 80,000
85,000+
South Coast
23,000 35,000
32,000 45,000
45,000 60,000
60,000 80,000
85,000+
Midlands
23,000 35,000
30,000 42,000
45,000 58,000
58,000 78,000
80,000+
North
22,000 34,000
30,000 42,000
45,000 58,000
56,000 75,000
80,000+
Scotland
22,000 34,000
30,000 42,000
45,000 58,000
56,000 75,000
80,000+
London
30,000 40,000
36,000 55,000
50,000 80,000
80,000 120,000
130,000+
South East
25,000 35,000
35,000 50,000
50,000 60,000
60,000 80,000
90,000+
South West
24,000 34,000
34,000 46,000
46,000 60,000
60,000 80,000
85,000+
Midlands
24,000 32,000
32,000 46,000
46,000 60,000
60,000 78,000
80,000+
North
22,000 35,000
32,000 44,000
42,000 57,000
55,000 80,000
100,000+
Scotland
22,000 35,000
32,000 44,000
42,000 57,000
55,000 75,000
85,000+
London
28,000 36,000
36,000 48,000
48,000 65,000
65,000 80,000
80,000+
South East
25,000 34,000
34,000 46,000
46,000 62,000
62,000 80,000
80,000+
South West
22,000 33,000
33,000 44,000
44,000 60,000
58,000 75,000
75,000+
Midlands
22,000 33,000
3,000 44,000
44,000 58,000
58,000 75,000
75,000+
North
22,000 33,000
33,000 44,000
44,000 58,000
58,000 75,000
75,000+
Scotland
22,000 33,000
33,000 44,000
44,000 58,000
58,000 75,000
75,000+
London
22,000 34,000
30,000 42,000
40,000 58,000
56,000 75,000
60,000+
South East
28,000 35,000
36,000 48,000
48,000 65,000
60,000 80,000
80,000+
South West
22,000 33,000
33,000 45,000
45,000 60,000
60,000 80,000
80,000+
Midlands
22,000 33,000
33,000 45,000
45,000 60,000
60,000 75,000
75,000+
North
23,000 35,000
33,000 45,000
45,000 60,000
60,000 75,000
75,000+
Scotland
22,000 33,000
33,000 45,000
45,000 60,000
60,000 75,000
75,000+
page
34
Private Equity
page
35
Role
Salary
Bonus
Equity
Finance Director
100,000 170,000
10 20%
0 3%
page
36
NHS Interim
1 2 years
2 4 years
4 6 years
6 years+
Management/Financial Accountant
400+ (p/d)
Finance Analyst
450+ (p/d)
Project Accountant
450+ (p/d)
Finance Manager
550+ (p/d)
Head of MA/FA
500+ (p/d)
Financial Controller
500+ (p/d)
Head of Finance
500+ (p/d)
600+ (p/d)
Finance Director
700+ (p/d)
Chief Executive
900+ (p/d)
NHS Perm
Perm as of April 2013
page
37
Band 5
25,000 33,500
Band 6
31,000 41,000
Band 7
37,000 47,000
Band 8a
45,500 53,000
Band 8b
52,000 63,000
Band 8c
61,000 74,000
Band 8d
72,000 88,000
Band 9
84,000 105,000
Charity
The charity finance market has improved
considerably over the course of 2014, with
recruitment across both temporary and
permanent markets reaching the volume of
pre-recession levels.
Whilst smaller charities are still reeling from the
impact of the recession, there are more charities
who have diversified their income streams and
invested in their digital fundraising efforts. As
a result, with more charities playing a greater
role in providing public services, increased
public donations and more investment from
government, we are seeing charities with the
confidence to invest in both temporary and
permanent posts.
We are also experiencing heightened levels of
recruitment across other sectors, resulting in
escalating competition for candidates. Private
sector companies are responding to this by
offering higher rates and salaries in order to
gain the edge on competitors. Many businesses
are raising PSL rates in order to entice agencies
into giving first refusal for the best candidates.
page
38
Charity Perm
Role
PQE
1 2 yrs
2 4 yrs
4 6 yrs
6 yrs+
Management Accountant
30,000 40,000
40,000 50,000
45,000 55,000
50,000+
Financial Accountant
30,000 40,000
40,000 50,000
45,000 55,000
50,000+
Finance Analyst
35,000 40,000
40,000 50,000
45,000 55,000
50,000+
Finance Manager
45,000 55,000
50,000 60,000
55,000+
Financial Controller
45,000 55,000
50,000 60,000
60,000
Head of Finance
50,000 60,000
55,000 65,000
60,000+
Finance Director
60,000+
Charity Temp
Role
page
39
PQE
1 2 yrs (p/h)
2 4 yrs (p/h)
4 6 yrs (p/h)
6 yrs+ (p/h)
Management Accountant
25 30
28 32
30 35
32 40
Financial Accountant
25 30
28 32
30 35
32 40
Finance Analyst
25 30
30 37
35 45
45+
300+ (p/d)
Finance Manager
Financial Controller
450+ (p/d)
Head of Finance
450+ (p/d)
Finance Director
Specialist/Internal Audit
Internal Audit
2014 has been a very busy time for the
Commerce & Industry Internal Audit
market. As a team, we have seen further
growth in job flow throughout 2014, with
a 15% increase of live vacancies registered
in 2013.
The return to economic growth has certainly
fuelled the upturn in activity, with businesses
actively looking to increase headcount within
their Internal Audit team, as opposed to purely
replacing leavers. This trend is apparently across
most sectors, with possibly the exception of the
Construction sector, which has remained a little
flat throughout 2014.
Heads of Audit are still focusing their efforts
on permanent hiring, complimenting their
resources with co-source arrangements if
needed, as opposed to using short term
contractors in times of need.
page
40
Specialist/Internal Audit
Internal Audit
page
41
Role
London (C&I)
SE Regions
47,000 50,000
43,000 45,000
50,000 60,000
50,000 58,000
60,000 75,000
55,000 70,000
Senior IA Manager
70,000 90,000
65,000 80,000
Head of Audit
100,000+
85,000+
Specialist/Tax In-house
Tax In-house
2014 was a strong year for tax recruitment.
Confidence in the general market place
was high and Goodman Massons revenues
grew significantly. This growth was also
seen within the in-house tax market.
page
42
Specialist/Tax In-house
Role
London
Home Counties
Role
Base Salary
Bonus
43,000 50,000
40,000 47,000
130,000 300,000
30 100%
50,000 55,000
45,000 50,000
Director
110,000 190,000
30 100%
UK Tax Accountant
40,000 55,000
40,000 50,000
75,000 115,000
20 60%
UK Tax Manager
55,000 70,000
50,000 60,000
Assistant VP/Manager
40,000 65,000
10 50%
58,000 65,000
52,000 59,000
Associate/Assistant Manager
25,000 58,000
5 15%
65,000 80,000
60,000 70,000
VAT Accountant
30,000 50,000
30,000 40,000
VAT Manager
50,000 65,000
45,000 60,000
65,000 110,000
65,000 80,000
35,000 50,000
35,000 45,000
60,000 130,000
60,000 75,000
80,000 130,000
70,000 90,000
65,000 110,000
60,000 90,000
65,000 90,000
60,000 75,000
Head of Tax
90,000 150,000
80,000 120,000
Director of Tax
120,000 200,000
90,000 150,000
Base Salary
Bonus
Head of Tax
110,000 200,000
30 60%
90,000 140,000
20 50%
Senior Manager
70,000 110,000
10 30%
Manager
50,000 80,000
0 20%
Assistant Manager
40,000 50,000
0 10%
page
43
Role
Base Salary
Bonus
130,000 180,000
30 100%
Director/Executive Director
100,000 150,000
30 100%
70,000 110,000
20 80%
Specialist/Tax Practice
Tax Practice
As anticipated, the second half of 2014 saw
a growing number of vacancies among the
professional services firms, led by the Big
4. The key needs for all Top 10 firms are
newly qualified through to Junior Manager
Level in Corporate Tax, Expatriate and
Employment Tax or OMB Tax teams. The
Big 4 have achieved significant growth
in Tax, and as the battle to retain or add
new staff intensifies, the last 12 months
of improved activity will start to produce
effect on the general salary levels and
bandings at large firms.
There has been a noticeable change in attitude,
where firms are demonstrating flexibility in
providing sign on bonuses to candidates.
Unsurprisingly, this has had a negative impact
on existing employees and, as the competition
strengthens, there has been a wave of
impressive counter offers by firms desperately
attempting to retain staff.
In response to any criticism of flat salaries over
the past 3 5 years, firms can obviously point
to the terrible global economic conditions,
manifesting in several ways including:
page
44
Specialist/Tax Practice
Senior
Asset Manager
Manager
Senior Manager
Director
Principal
Partner (Year 1 4)
Classic Tax
35,000 41,000
38,000 48,000
53,000 62,000
60,000 75,000
75,000 90,000
90,000 115,000
105,000 200,000
Indirect tax
35,000 40,000
42,000 50,000
50,000 68,000
65,000 80,000
85,000 115,000
110,000 150,000
120,000+
Human capital
35,000 42,000
46,000 48,000
50,000 58,000
65,000 75,000
78,000 110,000
115,000+
Asset Manager
Manager
Senior Manager
Director
Associate Partner
Partner (Year 1 4)
43,000 49,000
53,000 62,000
60,000 115,000
105,000 165,000
130,000 205,000
180,000 400,000
M & A Tax
44,000 52,000
52,000 70,000
61,000 105,000
110,000 185,000
215,000 450,000
Indirect Tax
42,000 51,000
52,000 69,000
65,000 100,000
110,000 180,000
200,000+
Human Capital
42,000 49,000
53,000 65,000
70,000 120,000
105,000 300,000
180,000+
Please note many Human Capital and Indirect practitioners are also involved with Tax Consulting.
The main disciplines under these Big 4 categories are:
Tax Consulting:
Tax Technology, Operational Effectiveness, Tax Project Management, Tax Risk Management
International Tax:
Transfer Pricing, Value/Supply chain, International Structuring & Advisory
page
45
Specialist/Treasury
Treasury
After a relatively slow start to the year, we
saw an increase in the number of treasury
job opportunities coming to the market as
the year progressed. This also included an
improvement at more senior levels.
page
46
Specialist/Treasury
Funding
Liquidity/Capital
Management
ALM/IRRBB
Treasury Finance
Managing Director
150,000+
150,000+
150,000+
150,000+
Senior Manager/VP
120,000 200,000
120,000 200,000
120,000 200,000
120,000 200,000
Associate Director/VP
70,000 130,000
70,000 130,000
70,000 120,000
70,000 110,000
Manager/AVP
50,000 80,000
50,000 80,000
50,000 80,000
50,000 80,000
Associate
45,000 60,000
45,000 60,000
45,000 60,000
45,000 60,000
Group Treasurer
Assistant Treasurer
Treasury Manager
Treasury Accountant
Treasury Analyst
FTSE 100
135,000+
125,000+
FTSE 250
105,000+
95,000+
FTSE 100
90,000 135,000
80,000 125,000
FTSE 250
70,000 95,000
60,000 85,000
5+ years experience
70,000 90,000
55,000 75,000
2 4 years experience
55,000 75,000
45,000 65,000
3+ years experience
60,000 75,000
55,000 65,000
0 2 years experience
47,000 62,000
37,000 52,000
3+ years experience
42,000 57,000
32,000 47,000
0 2 years experience
32,000 47,000
22,000 37,000
page
47
Specialist/Compliance
Compliance
Our 2014 market salary report combines
our review of the prevailing conditions
in the compliance recruitment market,
together with the results of our 2014
employer survey. The combined results
allow us to report that Compliance is
reacting to the regulatory environment
and expanding as quickly as talent allows.
There is strong demand in the compliance
recruitment market, and for many of those
looking to recruit, there is a shortage of
compliance professionals with the specific
abilities and experience they require.
Top Tier Banks are looking at brand
improvement message to support the
attraction of regulatory staff
51% of compliance directors do not believe
their department is sufficiently resourced
83% of compliance managers report they
have found it difficult to recruit
73% of compliance departments stated they
will either definitely need to recruit or are
likely to recruit in 2015
page
48
Key Trends
Specialist/Compliance
page
Consultancies
Role
Salary
Role
Salary
Role
Salary
Compliance Analyst
45,000 65,000
Compliance Analyst
40,000 55,000
Assistant Manager
40,000 50,000
Compliance Manager
60,000 75,000
Compliance Manager
55,000 65,000
Manager
50,000 60,000
75,000 100,000
65,000 85,000
Senior Manager
60,000 90,000
UK Head of Compliance
110,000 160,000
UK Head of Compliance
95,000 125,000
Directors
90,000 130,000
160,000 250,000
140,000 180,000
Partners
120,000 220,000+
Role
Salary
Role
Salary
Role
Salary
55,000 70,000
Compliance Analyst
40,000 60,000
Compliance Analyst
45,000 65,000
100,000 160,000
Compliance Manager
55,000 70,000
Compliance Manager
70,000 85,000
Head of Fraud
95,000 130,000
65,000 90,000
85,000 110,000
Head of Aml
95,000 150,000
UK Head of Compliance
80,000 150,000
UK Head of Compliance
110,000 140,000
Head of Sanctions
120,000 200,000
120,000 180,000
140,000 220,000
170,000 220,000
1800,000 250,000
250,000 350,000
190,000 220,000
180,000 225,000
220,000 300,000
Control Room
MLRO/CF11
120,000 200,000
Role
Salary
Role
Salary
40,000 65,000
Product Compliance VP
70,000 95,000
60,000 100,000
90,000 120,000
100,000 180,000
130,000 235,000
140,000 280,000
Product Compliance MD
180,000 300,000
49
Front Office
Banking &
Financial Services
Banking & Financial
Services
Overview
Overview
For the second successive year, we are able
to confidently say that the market has
improved, and again look forward with
optimism on what 2015 will bring. Sign off
issues and hiring freezes were uncommon
although not completely eradicated, and
operations managers were often given
budget to replace leavers or to expand
their teams rather than just for business
critical hires.
The majority of Operations, hiring takes place at
Senior Analyst or Associate/AVP level, although
this year has seen a rise in VP/Director hiring
activity, as banks look to attract the top talent
from their competitors rather than relying on
internal moves to save cost.
Similarly to last year, regulatory pressures
have been the main driver for recruitment,
with major projects focusing on EMIR, MiFID
2, CASS, Dodd Frank and FATCA requiring
significant headcount. This will not change in
2015, and a new breed of regulatory specialists
have become extremely employable from an
Operations perspective.
Transaction Reporting and Control divisions
have been heavily invested in by many of the
page
52
Investment Management
The Investment Management Operations
market remains buoyant, with multiple hires in
the same areas.
page
53
Contacts
Goodman Masson
120 Aldersgate Street
London EC1A 4JQ
Tel: +44 (0)20 7336 7711
Fax: +44 (0)20 7336 7722
info@goodmanmasson.com
www.goodmanmasson.com